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Regional REIT
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== Enhancing sustainability == RGL’s ESG Working Party was formed in 2020. In addition to preparing the company’s sustainability policy and its relevant key performance indicators, in 2021 the working party oversaw its response to the Task Force on Climate-Related Financial Disclosures (TCFD) and prepared its first GRESB Standing Investment Assessment. The first GRESB assessment resulted in RGL being awarded one green star and, building on this work, the 2022 GRESB submission is currently in progress. RGL is additionally working towards an EPRA Sustainability Best Practice report and continues to engage with accredited bodies with the intention of ensuring that all relevant data are taken into consideration by them. Within its overall ESG framework, RGL is targeting an EPC rating<ref>Energy Performance Certificate.</ref> of B or better for all properties by 2030. To this end, it is undertaking a portfolio-wide updated EPC audit, following which individual EPC property plans will be revised and implemented. RGL already requires an independent environment report for all potential acquisitions. {| class="wikitable" |+Exhibit 7: 2021 EPC ratings<ref>Source: Regional REIT. Note: *Other includes areas that are non-rated, in most cases reflecting recently acquired or earmarked for disposal.</ref> !Rating !Rated areas |- |A-B |9.92% |- |C-E |83.40% |- |Other* |6.68% |} The company expects that most of the investment required to meet its EPC targets will form part of the existing rolling programme of capital expenditure, including investment provided by tenants that are also seeking to enhance their environmental performance. In some case, properties will be sold.
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